Amendment of section 35AD.
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....owed of an amount equal to one and one-half times of the expenditure referred to therein."; (b) in sub-section (5), with effect from the 1st day of April, 2013,- (A) in clause (ae), the word "and" shall be omitted; (B) after clause (ae), the following clauses shall be inserted, namely:- "(af) on or after the 1st day of April, 2012, where the specified business is in the nature of setting up and operating an inland container depot ....
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....b-clauses shall be inserted with effect from the 1st day of April, 2013, namely:- "(ix) setting up and operating an inland container depot or a container freight station notified or approved under the Customs Act, 1962; (52 of 1962.) (x) bee-keeping and production of honey and beeswax; (xi) setting up and operating a warehousing facility for storage of sugar;". - Clause 9 of the Bill seeks to amend section 35AD of the Income-tax Act relating to deduction in respect of expenditure on specified business. The provisions of sub-section (1) of the aforesaid section 35AD, inter alia, allow one hundred per cent. deduction in respect of any c....
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